Sadbhav Engineering surges on emerging as successful bidder for contract worth Rs 212.40 crore

27 Mar 2014 Evaluate

Sadbhav Engineering is currently trading at Rs. 93.50, up by 2.70 points or 2.97% from its previous closing of Rs. 90.80 on the BSE.

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 94.50 and Rs. 91.50 respectively. So far 27404 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 129.00 on 30-May-2013 and a 52 week low of Rs. 52.00 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 92.90 and Rs. 88.25 respectively. The current market cap of the company is Rs. 1392.26 crore.

The promoters holding in the company stood at 48.76% while Institutions and Non-Institutions held 42.91% and 8.33% respectively.

Sadbhav Engineering has been declared as the successful bidder in respect of the bid invited by National Highways Authority of India (Ministry of Road Transport and Highways) for Widening & Strengthening of Jodhpur-Barmer Section of NH-112 (Jodhpur to Pachpadra Pkg-I) with two lane with paved shoulder/four lane from km 140.00 to km 225.615 (Length 85.615 ) Under NHDP-IV in state of Rajasthan on EPC Mode.

The quoted contract price for the said project is Rs 212.40 crore. The construction period of the project is 910 days (2.5 Years) from appointed date. The maintenance period for the Project is for 4 (Four) years commencing from the date of the Provisional Certificate.

Sadbhav Engineering (SEL) is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.

Sadbhav Engineering Share Price

15.65 -0.45 (-2.80%)
Jun 24, 18:03 View Price Chart
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